Discussion in 'Business & Economics' started by Saint, Jan 21, 2021.
Will Dow Jones hit 40000 points?
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Unlikely, as that's a c.33% jump from where it is now. While 2020 saw such an increase since the start of the pandemic, this was only after a similar decrease. Achieving it from the current highs is... unlikely. Getting to 33k would be a good start - as that would be a 10% increase.
Probably 2023, assuming a 10% growth a year (reasonable average.)
The Dow gained 7.3% last year. 4,000 is going to be a while. The Nasdaq 100 (for instance) went up about 47% last year it could go up substantially this year but given the gains of last year is unlikely to go up the 33% that the Dow would have to go up to reach 4,000. The Dow is a broader index.
Most people who are invested in indexes probably are in the S&P 500 or in something like the Nasdaq 100.
Will Bitcoin hit 50k?
Eventually, I think, yes, and beyond.
In 2021? Possibly, but maybe this is a year of slight retrenchment and consolidation, after the record prices recently.
There are some who say the trend in both Bitcoin and Ethereum is linked quite accurately to number of users, not withstanding some broader pressures, and that user numbers will only increase with time. Otherwise, a cursory glance at the news feeds on the matter suggest that USD 50k for Bitcoin this year is a reasonable possibility, some even predicting 150k, and others a possible decline this year before further gains in the years ahead. Bitcoin has touched on 40k this year, and is now at c.33k. Last year it rose by c.400%, from c.7k to 30k or so. I don't think it will go up so quickly in 2021, but even a 50% increase from current will see it hit 50k. But it's cryptocurrency, so who really knows: it could crash to zero in no time at all.
The problem with it getting to these heady heights, though, is the higher it gets the more people will take profits (i.e. sell) but fewer people will buy, thinking it overpriced. It may also put people off simply because they don't realise you can buy a fraction of a Bitcoin and don't need to buy a whole one.
Meh - crypto - the price is a mystery to those that don't know, and more of a mystery to those that do!
Major correction now.
Yes it will.....
my guess would be in 2022... but that is just a hunch of mine and it depends on corruption in high places being addressed effectively before then!
The Dow was 33,730 yesterday.....
As long as the huge money people cannot do to BigCoin what they did to the Social Credit government of Bible Bill Aberhart of Alberta during the Great Depression BitCoin will go far, far, far above fifty k.
BTC is 62k now.
today 2021(new end of financial year?) shows 34,200
start of 2020 shows 24,242
will the dow jones artificially inflate its interest rate by 15% by the end of the year ?
is that the question ?
where did all the money come from ?
where did all that money go to ?
is it still money ?(has it lost any value does it still have its original value?)
whos money is it ?
the feds ?
who owns it now ?
what the media & the political elitists and wall st bankers will forget to tell you is
all those bankers
wall st workers
hedge fund managers
they all either
do not vote
vote for the republican party
there is only 2 realities
"voting for the republicans"
so what does that tell us ?
it tells us that the entire market was gamed for a crash on the proviso that joe would win
so it will financially declare that joe has failed
even though the ones who made it fail are all the bankers & wall st people
who did so over the build up to the election.
usually i just watch from a distance and say nothing
but this looks like it might hurt
how is china going to value all its US currency it holds ?
its a toxic co-dependent relationship that the USA is refusing to recognize(currency manipulating rhetoric?)
the chimps(usa industrialists) have run off & stolen the car(industry) & all the bananas(cash)
but they have hung a huge bumper sticker on saying
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where is the dow money coming from ?
fake money printed to supply usa spending into Chinese products to pay usa industrialists who have moved all manufacturing to china
now the republican bankers have wound up the market right before the election
so they can pay it off or collapse it depending on who wins
pretending to prop up the failed usa economic system by forcing americans to borrow money and spend it in china
buying usa industrialists profit margins built in china
for every 1 dollar usa consumers borrow
they probably spend 2 dollars in china
instead of on local usa economy
faking the financial transactions data
when in reality the entire usa system has become socialist because of the massive global recession and outsourcing of all manufacturing to china by americans
what is republican wall st proposing as a solution ?
more borrowing ?
who was controlling the dow in the run up to the election ?
weaponizing the dow as a political right wing weapon
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Do you own any of it? If not, why not?
technically they are probably more just holding the national economy to hostage
so they can maintain power after the election & simply hold whom every is presidency to ransom for their own spin
then offer to solve r create the economic problem THY deliberately created
no morals involved
money before everything that's what capitalism is
its not morally dishonest when everyone is running around preaching themselves to be capitalists
what else would you expect ?
they knew the bail out would come
or the big short & write off
so they would have been gaming hard
now they have joe over a barrel
dirty business this American capitalism
but that's how Americans keep choosing it over and over.
What about Australian capitalism? Same thing, just not quite as successful. You've mentioned that you're always broke. Are you trying to do something about that, other than complaining?
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